Important Information for Investors of MGP Ingredients, Inc. (MGPI): Rosen Law Firm Announces Class Action Lawsuit and Lead Plaintiff Deadline
Rosen Law Firm, a renowned global investor rights law firm, has recently announced that purchasers of MGP Ingredients, Inc. (MGPI) common stock between May 4, 2023, and October 30, 2024 (the “Class Period”), may be entitled to compensation without any out-of-pocket fees or costs. This announcement comes as part of a class action lawsuit against MGP Ingredients, Inc.
Background
MGP Ingredients, Inc. is a leading independent supplier of premium distilled spirits and specialty wheat proteins and starches. The company’s distilled spirits include bourbon, rye whiskey, gin, vodka, and tequila. Their specialty food ingredients include textured plant proteins, high-functioning proteins, and specialty starches.
The Class Action Lawsuit
The class action lawsuit alleges that MGP Ingredients, Inc. and certain of its top executives made false and misleading statements to the market during the Class Period. Specifically, the complaint alleges that the defendants failed to disclose material information regarding the company’s business, operations, and prospects, including:
- The impact of increased competition on the company’s business
- The company’s declining sales and revenue
- The company’s inability to meet its financial projections
Effect on Individual Investors
If you purchased MGP Ingredients, Inc. common stock during the Class Period, you may be entitled to compensation. The lead plaintiff deadline for this class action lawsuit is February 14, 2025. If you wish to serve as lead plaintiff, you must move the Court no later than this deadline. To be eligible for compensation, you need not take any action at this time. You may, however, retain counsel of your choice.
Effect on the World
The consequences of this class action lawsuit extend beyond the investors directly involved. The allegations made against MGP Ingredients, Inc. highlight the importance of transparency and accurate reporting in the business world. Misrepresentation and failure to disclose material information can significantly impact investor confidence and the overall financial stability of a company.
Conclusion
Investors who purchased MGP Ingredients, Inc. common stock during the Class Period and believe they have suffered losses as a result of the alleged misrepresentations have until February 14, 2025, to apply to be the lead plaintiff in this class action lawsuit. Rosen Law Firm, with offices in New York, Pennsylvania, and Louisiana, encourages investors to contact them for more information about the case.
As a reminder, this is not a solicitation for investment, and it does not constitute legal or financial advice. For more information, please visit Rosen Law Firm’s website or contact them directly.
